The Chief Executive Officer of the Petroleum Hub Development Corporation (PHDC), Dr Toni Aubynn, has reaffirmed the transformative economic impact Ghana is poised to experience from the successful development of the Petroleum Hub project.
Speaking at the 54th Annual Conference of the Ghana Institute of Planners in Tamale on Thursday, November 27, 2025, Dr Aubynn described the hub as the most ambitious industrialisation initiative in Ghana’s modern history, noting that it will reposition the nation as a leading force in Africa’s energy sector.
He revealed that with more than $60 billion earmarked for investment across all three phases of the project, its economic impact will be profound, with the hub expected to accelerate industrial growth, create large-scale employment, and drive sustainable national development.
“The multiplier effect of a project of this size is immense. It is projected to significantly boost Ghana’s GDP by as much as 70%, according to our estimates,” he stated.
Dr Aubynn announced that the integrated hub is expected to generate approximately 780,000 direct and indirect jobs, creating opportunities for engineers, technicians, logistics experts, business professionals, artisans, and thousands of young Ghanaians seeking skilled employment—a phenomenon he referred to as the “multiplier effect.”
He further emphasised that the petroleum hub will propel Ghana beyond the traditional practice of exporting raw crude oil as the project is designed to establish a state-of-the-art petrochemical industry capable of refining crude and producing essential feedstock for plastics, fertilisers, and industrial chemicals.
“In the petrochemical segment alone, we are moving far beyond crude oil exports. The hub will produce feedstock for plastics, fertilisers, and industrial chemicals, opening new career pathways for chemical engineers, factory technicians, agricultural support services, and industries that rely on locally sourced inputs,” he explained.
Dr Aubynn highlighted the efficiency gains the hub will deliver by connecting producers directly to consumers, eliminating supply-chain bottlenecks, and significantly reducing transportation and logistics costs. He stressed that the initiative aligns with Ghana’s strategic goal of refining and adding value to its own crude oil, thereby retaining greater economic benefits within the country.
To meet the substantial workforce demands of the project, Dr Aubynn noted that the PHDC has already launched an official employment portal. The platform allows skilled and unskilled workers—including transport operators, welders, pipeline technicians, legal professionals, engineers, artisans, and other specialists—to register their interest and submit applications for roles critical to the hub’s development.
About the PHDC
The Petroleum Hub Development Corporation (PHDC) was established under the Petroleum Hub Development Corporation Act, 2020 (Act 1053) to lead the development of a world-class petroleum and petrochemical hub in Ghana. The hub is intended to serve the energy needs of the West African sub-region and the broader continent.
PHDC aims to promote innovation, research, and strategic infrastructure development to meet Africa’s growing demand for petroleum products and services. By creating an integrated petroleum value chain, the Corporation seeks to unlock economic opportunities, foster industrial growth, and create sustainable employment for Ghanaians and citizens across Africa.
About the Petroleum Hub Project
The Petroleum Hub Project, estimated at $60 billion, will be located in Jomoro, in Ghana’s Western Region. The hub will comprise: Three refineries with a total capacity of 900,000 barrels per stream day (BPSD),
Five petrochemical plants with a minimum capacity of 90,000 BPSD. Storage tanks with a cumulative capacity of 10 million cubic meters and at least two jetties to support import and export activities.
The project is poised to position Ghana as a leading petroleum and petrochemical hub in Africa, enhancing regional energy security and economic integration.
